The 500x divine coin DRUGS that emerged over the weekend sparked a frenzy for new investments on daos.fun?

Author: Azuma, Odaily Planet Daily

The DeSci project Big Pharmai (DRUGS) continued to write the wealth creation myth of daos.fun over the weekend.

GMGN market data shows that as of the time of writing, DRUGS is priced at $0.0401198, corresponding to a market cap of approximately $44 million. Based on a fundraising cap of 420 SOL (about $92,000) during the fundraising phase (with an additional 42 SOL raised to build initial liquidity), DRUGS has increased nearly 500 times since its "internal market" breakout, becoming the most outstanding token in the daos.fun system after ai16z.

Brief Overview of Big Pharmai Concept

The meme narrative of Big Pharmai revolves around healthcare and pharmaceuticals, with a vision to disrupt "Big Pharma," referring to large pharmaceutical companies that have significant influence and market share globally. The X account of Big Pharmai's initiator is named Anthony Fauccai (@anthonyfauccai), clearly mimicking the well-known epidemiologist Anthony Fauci, who gained fame during the pandemic.

The project's popularity is largely due to the support from leading DeSci project Pump Science (RIF, URO), although Pump Science has emphasized that DRUGS is not a token of the Pump Science platform.

On December 14, Big Pharmai posted its first tweet about the token launch on its official X account, revealing plans to raise funds on daos.fun, aiming to raise 420 SOL (with platform rules requiring an additional 10% to initiate initial liquidity).

Big Pharmai's fundraising introduced a whitelist rule, where the team selectively grants fundraising participation qualifications based on community interaction content. In the comments of the relevant tweet, many users hoping to enter the fundraising phase made various efforts to attract the attention of the Big Pharmai team in hopes of securing some fundraising participation quota.

Ultimately, a total of 7,082 people participated in Big Pharmai's fundraising. The subsequent increase in DRUGS confirmed that these users' efforts were not in vain—once they entered the fundraising phase, it meant hundreds of times in gains.

daos.fun: A Meme Platform Dressed as a Launchpad

At the end of October, after the explosive success of ai16z, we wrote an analysis article about daos.fun titled "Analyzing daos.fun: Can ai16z's Success Recreate the Pump.fun Myth?"

In that article, we mentioned that daos.fun positions itself as a meme "fund" launch platform based on Solana, where the "funds" raised on this platform will operate in the form of DAOs and issue corresponding DAO tokens (for example, ai16z is the DAO token of that "fund").

However, looking at the actual developments over the past two months, the community has not viewed the platform according to daos.fun's self-positioning; instead, it continues to see it as a meme platform, even completely regarding it as another pump.fun.

In short, the fundraising phase of daos.fun can be seen as the internal market phase of pump.fun; the additional 10% amount raised by daos.fun serves a similar purpose to the necessary liquidity accumulation during the initial issuance and internal market growth phases of pump.fun; the public trading phase after the fundraising ends on daos.fun is equivalent to the free trading phase after pump.fun breaks out of the internal market.

From the perspective of user participation opportunities, since only vetted initiators can launch "funds" on daos.fun, and the fundraising amounts for popular projects are relatively large, daos.fun has fewer candidates compared to pump.fun, and the time window for users is generally longer (Big Pharmai's fundraising lasted nearly 10 hours); however, popular projects on daos.fun often impose whitelist restrictions on fundraising, which forces users to compete in other dimensions, such as community interaction, to grab limited fundraising quotas.

The Ceiling Has Been Lifted, New Investment Heat Expected to Rise

The difference in market positioning has actually opened up the imaginative space for daos.fun system tokens—businesses always have limits, but memes do not; the price can rise as high as market enthusiasm allows.

If the previous explosive success of ai16z could be seen as an isolated case, the performance of DRUGS has once again solidified the new positioning of daos.fun.

Recently, ai16z's market cap has strongly surpassed $1 billion, raising the ceiling for all daos.fun system tokens; the emergence of DRUGS proves the continuity of the wealth creation effect of daos.fun.

Against this backdrop, we have reason to expect that in the coming period, daos.fun will attract more retail attention and participation, which may drive the platform to present some new opportunities.